The Huobi Token (HT) is one of the most prominent exchange tokens in the market, with a price gain of 7% in the past 24 hours. However, is now the best time to purchase HT?
HT Price Movement
Huobi Token currently trades at $7.73, an increase of around 7% in the past 24 hours. The token trades above most of its moving average (MA) indicators, except its 200-day MA of $7.80.
A positive moving average convergence divergence (MACD) demonstrates a buy signal for HT, and the token’s relative strength index (RSI) of 53.34 shows that it is underbought.
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Successful Buyout Excites Market
As an exchange token, developments within the Huobi exchange should spur the price of HT. And this month, the exchange entered into a buyout agreement.
An official announcement shared weeks ago confirmed that About Capital Management, an asset management firm based in Hong Kong had become the controlling shareholder of Huobi Global following a successful buyout deal.
The buyout fee,...
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